Northrim bancorp, inc. (NRIM)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
ASSETS
Cash and due from banks

31,096

20,518

45,381

25,377

30,266

26,771

37,651

26,355

15,170

25,016

13,960

25,187

36,729

34,485

37,955

30,095

23,361

30,989

42,257

44,017

32,957

36,036

44,312

36,318

33,116

33,112

34,686

29,216

28,648

40,834

34,753

34,560

23,085

30,644

34,365

33,101

29,109

15,953

22,367

22,316

Interest bearing deposits in other banks

54,714

74,906

46,807

45,454

48,667

50,767

32,528

9,775

68,792

52,825

73,309

606

44,203

16,066

7,911

44,661

55,914

27,684

102,309

60,054

13,115

36,020

85,029

61,565

75,725

65,979

50,909

78,269

73,879

113,979

127,354

76,144

69,344

60,886

94,205

112,730

138,707

50,080

60,939

82,749

Investment securities available for sale, at fair value

268,959

276,138

257,270

249,986

274,441

271,610

264,193

264,124

-

307,019

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable equity securities

7,609

7,945

8,045

7,916

7,798

7,265

6,035

6,006

-

5,731

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities available for sale, at fair value

-

-

-

-

-

-

-

-

297,573

-

270,351

297,222

324,138

331,219

300,357

290,601

296,362

291,113

234,273

225,868

254,772

281,730

237,562

207,899

232,218

248,688

238,488

222,825

221,460

203,918

172,343

189,247

216,589

222,083

211,819

182,878

181,800

214,010

206,342

168,029

Marketable securities

7,609

7,945

8,045

7,916

7,798

7,265

6,035

6,006

5,527

5,731

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities held to maturity

-

-

-

-

-

-

-

-

-

-

897

898

899

899

900

901

902

903

904

2,197

2,199

2,201

2,202

2,204

2,206

2,208

2,745

2,746

2,747

2,749

2,750

3,601

3,602

3,819

4,385

5,142

6,068

6,125

6,692

7,018

Total portfolio investments

-

-

-

-

-

278,875

-

-

-

312,750

271,248

298,120

325,037

332,118

301,257

291,502

297,264

292,016

235,177

228,065

256,971

283,931

239,764

210,103

234,424

250,896

241,233

225,571

224,207

206,667

175,093

192,848

220,191

225,902

216,204

188,020

187,868

220,135

213,034

175,047

Investment in Federal Home Loan Bank stock

3,312

2,138

2,140

2,069

2,071

2,101

2,103

2,104

2,105

2,115

2,116

1,993

1,993

1,965

1,965

1,966

1,875

1,816

1,816

1,817

3,367

3,404

3,440

3,475

1,818

1,896

1,914

1,932

1,950

1,967

1,985

2,003

2,003

2,003

2,003

2,003

2,003

2,003

2,003

2,003

Loans held for sale

86,258

67,834

81,942

61,531

30,211

34,710

56,636

54,306

41,216

43,979

59,214

53,863

28,028

43,596

76,452

60,360

38,907

50,553

66,597

73,593

61,873

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,325

14,189

14,328

11,301

13,901

15,811

11,454

11,705

37,291

22,629

12,266

27,822

-

-

-

5,558

20,082

8,210

Loans

1,081,873

1,043,371

1,036,547

1,015,704

982,341

984,346

982,007

967,702

967,575

954,953

989,253

991,209

960,832

975,015

997,076

967,346

970,517

980,787

973,680

974,849

960,564

-

936,659

926,809

763,065

770,016

754,355

718,157

721,609

704,213

671,644

656,850

664,258

645,562

629,664

634,130

654,341

671,812

635,475

628,373

Loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,866

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

924,504

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for loan losses

21,017

19,088

19,137

20,518

20,209

19,519

20,160

20,108

20,449

21,461

21,464

20,061

19,893

19,697

19,479

18,385

18,183

18,153

17,848

17,418

16,947

16,723

16,243

16,032

16,032

16,282

16,528

16,528

16,641

16,408

16,490

16,490

16,288

16,503

16,093

15,574

15,139

14,406

14,711

14,427

Net loans

1,060,856

1,024,283

1,017,410

995,186

962,132

964,827

961,847

947,594

947,126

933,492

967,789

971,148

940,939

955,318

977,597

948,961

952,334

962,634

955,832

957,431

943,617

907,781

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

930,741

924,966

761,361

765,035

751,728

717,440

716,422

699,510

692,445

662,989

660,236

656,881

613,571

618,556

639,202

662,964

640,846

622,156

Purchased receivables, net

23,670

24,373

13,673

13,114

21,286

14,406

12,706

20,323

19,412

22,231

12,930

19,835

14,485

20,491

15,500

13,596

11,707

13,326

13,732

14,048

15,332

15,254

14,328

17,380

9,900

16,025

13,801

26,546

18,683

19,022

23,326

23,650

22,345

30,209

25,536

14,743

13,611

16,531

8,654

10,754

Mortgage servicing rights, at fair value

11,653

11,920

11,206

10,836

11,254

10,821

9,695

8,733

8,039

7,305

6,181

5,828

5,325

4,157

3,196

2,602

2,234

1,654

-

-

-

1,010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,476

3,399

3,784

-

3,483

3,136

2,934

2,729

2,762

2,729

2,970

2,618

2,832

2,801

3,157

2,898

3,030

2,745

3,184

3,401

3,234

3,749

Other real estate owned, net

7,205

7,043

7,043

7,043

7,043

7,962

8,707

8,959

8,815

8,651

3,505

4,315

5,802

6,574

2,824

2,558

2,702

3,053

3,511

2,807

4,209

4,607

4,732

4,897

3,443

2,402

3,698

4,293

4,516

4,543

5,766

6,448

6,657

5,183

5,838

5,083

10,343

10,355

11,019

12,973

Premises and equipment, net

39,293

38,422

38,556

39,155

38,978

39,090

38,637

38,113

37,331

37,867

40,046

39,997

39,682

39,318

39,102

38,671

40,348

40,217

39,434

37,942

36,449

35,643

34,720

32,370

27,794

28,324

28,194

28,200

27,912

27,908

27,989

27,797

27,870

27,993

28,320

28,774

28,827

29,048

28,769

27,932

Operating lease right-of-use asset

13,800

14,300

14,307

14,924

15,485

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

15,017

15,017

15,017

15,017

15,017

15,017

15,017

15,017

15,017

15,017

15,017

15,017

15,017

15,017

15,017

22,334

22,334

22,334

22,334

22,334

22,334

22,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangible assets, net

1,065

1,077

1,092

1,107

1,122

1,137

1,154

1,172

1,190

1,207

1,228

1,254

1,281

1,307

1,337

1,372

1,407

1,442

1,483

1,555

1,628

1,701

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,430

7,889

7,942

7,994

8,053

8,111

8,170

8,228

8,292

8,357

8,421

8,486

8,556

8,626

8,697

8,767

8,843

Goodwill and intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,349

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

66,798

58,076

56,742

64,055

54,280

56,504

55,764

67,859

57,428

56,141

56,798

56,042

54,059

56,128

60,007

59,692

49,812

51,774

51,295

53,269

52,348

57,762

51,767

53,052

45,170

40,666

42,218

42,601

43,860

34,889

34,027

34,545

33,117

34,238

34,053

35,026

34,183

35,362

38,302

38,642

Total assets

1,691,262

1,643,996

1,616,631

1,552,770

1,520,051

1,502,988

1,502,673

1,470,440

1,524,741

1,518,596

1,523,341

1,493,205

1,512,580

1,526,540

1,540,120

1,518,370

1,500,199

1,499,492

1,539,253

1,500,331

1,447,984

1,449,349

1,420,665

1,355,692

1,203,574

1,215,006

1,179,137

1,164,850

1,151,158

1,160,107

1,133,798

1,072,077

1,076,362

1,085,258

1,065,611

1,049,337

1,095,663

1,054,529

1,037,934

1,007,164

LIABILITIES
Deposits:
Demand

453,003

451,896

460,327

435,425

417,068

420,988

450,409

401,925

433,046

414,686

426,946

395,310

421,867

449,206

474,971

461,970

442,842

430,191

485,304

455,358

410,464

403,523

438,805

388,728

355,043

363,969

361,334

344,978

344,012

361,167

352,633

298,953

302,104

324,039

307,529

296,508

340,943

289,061

281,972

272,743

Interest-bearing demand

333,352

320,264

292,198

285,664

247,630

248,056

240,974

246,628

244,601

252,009

240,274

231,073

194,414

201,349

194,426

183,885

195,896

209,291

179,080

173,952

179,124

185,114

176,030

174,647

142,981

143,703

134,955

137,788

144,683

146,262

137,333

139,220

141,437

141,572

133,495

130,736

133,031

138,072

126,056

120,826

Savings

228,383

229,918

228,739

232,190

237,510

239,054

233,611

237,978

246,981

247,458

251,266

249,275

252,218

241,088

236,821

231,246

230,834

227,969

221,205

129,938

127,708

222,324

119,002

120,118

99,034

94,518

93,717

93,714

92,227

87,241

85,035

83,100

82,570

79,610

76,847

74,142

76,058

77,411

77,971

71,167

Alaska CDs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97,592

99,120

-

112,667

115,081

112,531

112,702

106,228

105,568

102,584

101,165

98,504

102,481

104,811

102,384

95,481

101,945

96,919

100,315

111,526

113,692

Money market

207,418

205,801

214,352

204,151

204,567

206,717

208,614

223,189

239,242

243,603

233,768

231,780

244,881

244,295

242,102

241,334

240,675

236,675

236,488

232,877

227,345

226,574

237,235

220,811

202,678

202,606

182,227

185,654

179,138

181,598

171,210

164,942

162,854

154,987

153,924

152,004

151,594

149,104

132,349

126,841

Certificates of deposit less than $250,000

94,255

90,702

89,847

83,210

78,858

75,318

66,831

67,099

67,684

69,283

73,794

82,880

85,139

86,053

-

-

-

95,938

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Certificates of deposit $250,000 and greater

79,081

73,770

65,566

47,538

42,385

37,955

32,829

28,702

29,236

31,244

32,269

43,992

48,554

45,662

-

-

-

40,728

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Certificates of deposit less than $100,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,510

50,933

51,890

-

53,386

57,390

57,938

58,249

49,358

49,288

34,844

35,432

35,737

36,384

38,078

39,343

41,085

42,634

44,127

45,468

51,264

49,458

51,931

53,858

56,984

58,815

Certificates of deposit $100,000 and greater

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82,536

86,320

84,831

-

89,456

91,610

89,314

83,963

59,270

61,593

50,646

50,793

54,031

54,846

54,191

53,353

59,144

63,443

63,503

63,188

75,027

79,377

82,748

84,315

91,870

87,401

Total deposits

1,395,492

1,372,351

1,351,029

1,288,178

1,228,018

1,228,088

1,233,268

1,205,521

1,260,790

1,258,283

1,258,317

1,234,310

1,247,073

1,267,653

1,278,366

1,255,688

1,246,968

1,240,792

1,264,919

1,238,717

1,191,013

1,179,747

1,192,367

1,130,266

997,757

1,003,723

968,229

958,932

954,913

970,129

944,944

894,773

901,406

911,248

893,567

884,170

933,224

892,136

878,728

851,485

Securities sold under repurchase agreements

-

-

0

864

34,621

34,278

32,429

27,695

31,018

27,746

31,084

24,392

31,783

27,607

27,701

26,049

25,946

31,420

33,413

17,895

17,820

19,843

19,931

19,776

19,886

21,143

23,015

20,321

13,411

19,038

22,623

15,265

15,467

16,348

17,034

11,616

11,595

12,874

9,996

8,871

Borrowings

36,877

8,891

8,933

7,158

7,200

7,241

7,282

7,312

7,338

7,362

7,387

4,314

4,326

4,338

4,350

4,362

7,727

2,120

12,458

22,309

22,569

26,304

2,175

2,186

2,197

6,527

6,578

6,629

6,675

4,479

4,517

4,553

4,590

4,626

4,662

4,696

5,421

5,386

5,506

5,532

Junior subordinated debentures

10,310

10,310

10,310

10,310

10,310

10,310

10,310

10,310

10,310

10,310

10,310

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

18,558

Operating lease liability

13,685

14,200

14,224

14,807

15,358

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

37,175

31,098

28,096

25,115

15,706

17,124

16,142

20,146

20,312

22,093

21,816

19,854

21,388

21,672

25,387

29,748

20,602

29,388

34,569

31,770

30,640

40,456

28,363

28,008

19,246

20,737

20,154

20,356

19,497

11,550

9,045

8,503

8,191

9,043

8,445

8,288

8,091

8,453

8,290

8,694

Total liabilities

1,493,539

1,436,879

1,412,592

1,346,432

1,311,213

1,297,041

1,299,431

1,270,984

1,329,768

1,325,794

1,328,914

1,301,428

1,323,128

1,339,828

1,354,362

1,334,405

1,319,801

1,322,278

1,363,917

1,329,249

1,280,600

1,284,908

1,261,394

1,198,794

1,057,644

1,070,688

1,036,534

1,024,796

1,013,054

1,023,754

999,687

941,652

948,212

959,823

942,266

927,328

976,889

937,407

921,078

893,140

COMMITMENTS AND CONTINGENTCIES (NOTE 20)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

SHAREHOLDERS' EQUITY
Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $1 par value, 10,000,000 shares authorized, 6,366,100 and 6,558,809 issued and outstanding at March 31, 2020 and December 31, 2019, respectively

6,366

6,559

6,540

6,729

6,879

6,883

6,884

6,873

6,872

6,872

6,852

6,911

6,910

6,898

6,882

6,877

6,877

6,877

6,859

6,854

6,854

6,854

6,834

6,831

6,538

6,538

6,516

6,515

6,513

6,512

6,474

6,471

6,469

6,467

6,440

6,433

6,429

6,427

6,410

6,387

Additional paid-in capital

44,776

50,512

50,416

57,234

62,127

62,132

62,512

62,187

62,046

61,793

61,681

63,074

62,936

62,952

62,851

62,797

62,581

62,420

62,183

61,965

61,847

61,729

61,573

61,495

54,196

54,089

54,051

53,886

53,753

53,638

53,536

53,411

53,267

53,164

53,091

52,953

52,807

52,658

52,660

52,484

Retained earnings

148,286

149,615

147,217

141,878

139,677

137,452

134,487

131,097

126,934

124,407

125,620

121,631

119,509

117,141

114,940

113,238

110,209

108,150

105,363

101,343

97,809

95,493

90,063

87,592

84,391

82,855

81,293

78,939

76,431

74,742

72,567

69,482

67,193

65,469

63,071

61,412

59,012

57,339

56,268

53,868

Accumulated other comprehensive (loss) income, net of tax

-1,705

431

-134

497

155

-520

-641

-701

-879

-270

274

28

-31

-397

637

742

458

-412

784

643

747

247

646

853

668

669

749

639

1,328

1,368

1,429

984

1,165

283

680

1,169

498

648

1,476

1,242

Total Northrim BanCorp, Inc. shareholders' equity

-

-

-

-

-

-

-

-

-

-

194,427

191,644

189,324

186,594

185,310

183,654

180,125

177,035

175,189

170,805

167,257

164,323

159,116

156,771

145,793

144,151

142,609

139,979

138,025

136,260

134,006

130,348

128,094

125,383

123,282

121,967

118,746

117,072

116,814

113,981

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

0

133

128

118

448

311

273

179

147

277

127

118

155

127

137

167

-6

75

79

93

105

77

56

52

63

42

28

50

42

43

Total shareholders' equity

197,723

207,117

204,039

206,338

208,838

205,947

203,242

199,456

194,973

192,802

194,427

191,777

189,452

186,712

185,758

183,965

180,398

177,214

175,336

171,082

167,384

164,441

159,271

156,898

145,930

144,318

142,603

140,054

138,104

136,353

134,111

130,425

128,150

125,435

123,345

122,009

118,774

117,122

116,856

114,024

Total liabilities and shareholders' equity

1,691,262

1,643,996

1,616,631

1,552,770

1,520,051

1,502,988

1,502,673

1,470,440

1,524,741

1,518,596

1,523,341

1,493,205

1,512,580

1,526,540

1,540,120

1,518,370

1,500,199

1,499,492

1,539,253

1,500,331

1,447,984

1,449,349

1,420,665

1,355,692

1,203,574

1,215,006

1,179,137

1,164,850

1,151,158

1,160,107

1,133,798

1,072,077

1,076,362

1,085,258

1,065,611

1,049,337

1,095,663

1,054,529

1,037,934

1,007,164